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Eckelberger Products Inc. makes high speed recorders with high-speed scanning. The small company has been growing at an average rate of 65% per year for

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Eckelberger Products Inc. makes high speed recorders with high-speed scanning. The small company has been growing at an average rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a quarterly rate for its annual report. If the past growth rate was an effective rate, what was the effective growth rate quarterly? The effective growth rate quarterly is %

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